Restricted and Unrestricted Subsidiaries. The Borrower may, at any time, by notice to the Administrative Agent, designate any Subsidiary as a Restricted Subsidiary or any Restricted Subsidiary as an Unrestricted Subsidiary; provided, that immediately before and after such designation no Default or Event of Default shall have occurred and be continuing or result therefrom.
Appears in 6 contracts
Samples: Credit Agreement (Magellan Midstream Partners, L.P.), Assignment and Assumption (Magellan Midstream Partners Lp), Assignment and Assumption (Magellan Midstream Partners Lp)
Restricted and Unrestricted Subsidiaries. The Borrower may, at any time, by notice to the Administrative Senior Facility Agent, designate any Subsidiary as a Restricted Subsidiary or any Restricted Subsidiary as an Unrestricted Subsidiary; provided, that immediately before and after such designation no Default or Event of Default shall have occurred and be continuing or result therefrom.; provided further, that the Borrower may only designate any Restricted Subsidiary as an Unrestricted Subsidiary to the extent the following sub Subsidiary:
Appears in 1 contract
Samples: Assignment and Assumption (Sabine Pass Liquefaction, LLC)
